Ways Technical (ROCO:3508) Inventory Turnover : 1.61 (As of Dec. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Ways Technical Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ways Technical's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$175.2 Mil. Ways Technical's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$108.7 Mil. Ways Technical's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ways Technical's Days Inventory for the three months ended in Dec. 2024 was 56.63.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Ways Technical's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.55.

Ways Technical Inventory Turnover Historical Data

The historical data trend for Ways Technical's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ways Technical Inventory Turnover Chart

Ways Technical Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

6.06

7.36

7.61

6.10

5.06

Ways Technical Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.40	1.31	1.42	1.47	1.61

Ways Technical Inventory Turnover Calculation

Ways Technical's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	626.984	/ (	(125.366	+	122.524)	/	2 )
=	626.984	/	123.945
=	5.06

Ways Technical's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	175.205	/ (	(94.96	+	122.524)	/	2 )
=	175.205	/	108.742
=	1.61

Ways Technical (ROCO:3508) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ways Technical's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	108.742	/	175.205	*	365 / 4
	=	56.63

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Ways Technical's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	108.742	/	198.356
	=	0.55

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ways Technical Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Ways Technical's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ways Technical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ways Technical Corp (ROCO:3508) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26, Gaoqing Road, Yangmei District, Taoyuan, TWN

Website

http://www.waystech.net

Ways Technical Corp is a Taiwan-based company engaged in the manufacture of plastic daily necessities, surface treatment, and manufacturing and processing of electronic parts and components. Its geographical segment includes Taiwan and China, business groups. The majority of the revenue comes from the Taiwan business group.

Ways Technical Headlines

No Headlines